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No gas in Dhamrai, Manikganj for 10 hrs on Monday
Gas supply across a vast area of Dhamrai of Dhaka and Manikganj will remain off for 10 hours on Monday due to tie-in installation between existing gas pipelines and newly installed pipelines crossing Kaliganga river. According to a press release of the Titas Gas Transmission and Distribution Company Ltd, which is responsible for gas supply in greater Dhaka, the gas supply will be suspended from Bathuli of Dhamrai to Tepra DRS area of Manikganj, district town, Shibalaya, Aricha and adjacent areas of the district from 10:00 am to 8:00 pm. The supply will disrupt all kinds of consumers including household, commercial, industrial and CNG refueling stations in these areas.
Summit Gazipur-II Power Ltd signs 300 MW project agreement with government
December 10, 2017 Sunday 11:01 PM By News Desk, energynewsbd.com
Summit Gazipur-II Power Ltd has signed a project agreement with Bangladesh government to supply 300 MW (net) of electricity for a period of 15 years at Bidyut Bhaban, Dhaka on Sunday. Under this agreement, Power Purchase Agreement (PPA) and Implementation Agreement (IA) were signed. The Power Purchase Agreement (PPA) was signed by Bangladesh Power Development Board (BPDB) Secretary Mina Masuduzzaman and Managing Director of Summit Gazipur-II Power Ltd Engr Md Mozammel Hossain. The Implementation Agreement (IA) was signed by Joint Secretary (Development) of Power Division Sheikh Foyzul Amin, Secretary of Power Grid Company of Bangladesh (PGCB) Md Ashraf Hossain and Managing Director of Summit Gazipur-II Power Ltd Engr Md Mozammel Hossain. State Minister for Power, Energy and Mineral Resources Nasrul Hamid was present as the chief guest while Secretary of Power Division Dr Ahmad Kaikaus was the special guest at the ceremony. Other senior officials such as Chairman of BPDB Engr Khaled Mahmood, Managing Director of PGCB Engr Masum Al-Beruni, Chairman of Summit Group Muhammed Aziz Khan, Vice-Chairman of Summit Group  Muhammad Latif Khan, Vice-Chairman of Summit Group Md Farid Khan, Additional Managing Director of Summit Corporation Faisal Khan,  Managing Director of Summit Power Limited  Lt General (Retd) Engr Abdul Wadud were also present. According to the agreement, by mid-2018, the Summit Gazipur-II Power Ltd will commence commercial operation. Earlier on August 10, 2017, the Summit Gazipur-II Power Ltd had received Letter of Intent (LOI) from the BPDB. Summit Gazipur-II Power Ltd is a joint venture project company of Summit Corporation Limited and Summit Power Limited (SPL), a publicly listed company in Bangladesh. Summit Gazipur-II Power plant is located in Kodda, Gazipur about 30 km away from Dhaka city. This will be a HFO fuel-based power plant that will run onefficient reciprocating engines from Wärtsilä, Finland. When it will be operational in mid-2018, it is expected to be the largest reciprocating engine run power plant in Bangladesh supplying 300 MW to the national power grid. At the same location, Summit is also constructing another power plant with 149 MW capacity.  
Category: Power
PM opens Rooppur Nuclear Power Plant construction work
November 30, 2017 Thursday 2:40 PM By BSS
Prime Minister Sheikh Hasina inaugurated the main construction work of the much-awaited Rooppur Nuclear Power Plant, the maiden nuclear plant of the country. She formally launched the main construction work of the plant by pouring concrete at the plant site at Rooppur in Ishwardi of northern Pabna district on Thursday. Science and Technology Minister Architect Yeafesh Osman, PM`s Economic Affairs Adviser Dr Moshiur Rahman, Energy Adviser Dr Towfique-e-Elahi Chowdhury, Security Adviser Major General (retd) Tariq Ahmed Siddiq, Chief of Army Staff General Abu Belal Muhammad Shafiul Huq, PM`s Principal Secretary Dr Kamal Abdul Naser Chowdhury, Science and Technology Secretary Md Anwar Hossain, Press Secretary Ihsanul Karim, Russian Ambassador to Bangladesh Alexander Ignatov, Russia`s state-run atomic energy body Rosatom`s Director General Alexey Likhachev, and project director of the plant Dr. Mohammad Shawkat Akbar and senior officials of Bangladesh and Russia were present on the occasion. The Rooppur plant is expected to add 2,400MW of electricity to the national grid by 2024, helping the country to meet an increasing demand for electricity. The mega project is being implemented by the state-run Bangladesh Atomic Energy Commission (BAEC) under the Science and Technology Ministry, with financial, technical and technological support by Russia through its state nuclear agency, Rosatom. The Bangladesh Atomic Energy Commission (BAEC) and Russian company, JSC Atomstroyexport, signed a general contract for construction of Rooppur Nuclear Power Plant (RNPP) on December 25 in 2015. BAEC Chairman Md Monirul Islam and Vice President of Atomstroyexport Vladimir N Savuskhin signed the contract on behalf of their respective organisations. Atomostroyexport, the contractor appointed by Russia`s state-owned atomic power body , Rosatom, will construct the RNPP at a cost of $12.65 billion, out of which, $10.1 billion has been fixed as base price, $1 billion for soil stabilisation and further cost, and the remaining $1.65 billion for price escalation. On December 15 in 2015, the government finalised the amount for the biggest-ever investment project in the country`s history by inking an initial agreement with Russia. Earlier in January 2013, an inter-governmental agreement was signed for the provision of a $500 million Russian loan to finance engineering design, site development and personnel training. On November 2, 2011, Bangladesh signed a deal with Russia`s state-owned nuclear giant Rosatom to construct the nuclear plant. Russia will provide all assistance under the agreement for setting up the plant, including providing the fuel and taking back the used fuel. A total of 262 acres of land have been acquired to set up two units of the plant with a capacity of 2,400-MW. On October 2, 2013, Prime Minister Sheikh Hasina laid the foundation stone of the Rooppur Nuclear Power Plant at Ishwardi in Pabna.
Category: Nuclear
Local school children celebrate Rooppur nuclear power plant’s ‘First Concrete’ with Flash Mob
November 28, 2017 Tuesday 9:52 PM By News Desk, energynewsbd.com
As the ceremony of first concrete pouring into the reactor building foundation of Rooppur Nuclear Power Plant in going to take place on November, 30, children from Rooppur High School organised a Flash Mob “I LOVE ROOPPUR” to raise awareness among the local people about the project, said a press release. More than 300 children wearing T-shirts and caps of Bangladesh’s flag color - green and red formed a live figure ‘I LOVE ROOPPUR’. The first concrete ceremony will mark the beginning of construction of Bangladesh’s first nuclear power plant at Rooppur and will witness the participation of the Prime Minister Sheikh Hasina and the Director General of Russia’s Rosatom State Atomic Energy Corporation Alexey Likhachev among others. The construction of the Rooppur Nuclear Power Plant (RNPP) is implemented under an intergovernmental agreement signed between Russia and Bangladesh in November, 2011. In December, 2015, ASE Group of Companies, an engineering division of ROSATOM State Atomic Energy Corporation, signed a contract to construct Rooppur NPP consisting of two VVER-1200 units with a capacity of 1200 MW each. VVER-1200 is a flagship nuclear reactor and a core product of Russia’s ROSATOM State Atomic Energy Corporation. The construction site is located 160 km from Dhaka on the east bank of the Padma river. The units-1 and 2 are expected to go into operation in 2023 and 2024 respectively.    
Category: Nuclear
Beximco purchases first LPG carrier in Bangladesh
November 26, 2017 Sunday 11:14 AM By News Desk, energynewsbd.com
Beximco Petroleum Limited, a concern of Beximco Group, has announced the purchase of the first LPG (Liquefied Petroleum Gas) carrying vessel in Bangladesh to travel on international waters with the National flag, the company said in a press release. The vessel, named BEXPETRO 1, with an LPG carrying capacity of 2700 MT will be the first Bangladeshi ship to directly procure LPG at source. This marks a major milestone not only for LPG operators in Bangladesh but also for the nation at large as this paves the way for a more cost-effective and efficient LPG supply chain. Led by Captain Alexander Fajardo, BEXPETRO 1 is expected to arrive in Bangladesh with its first shipment of LPG by the first week of December 2017.  With two more vessels of similar capacity already in the pipeline, this is a stepping stone for Beximco Petroleum’s strategic vision of becoming the premiere LPG operator in the country. Beximco Petroleum, in collaboration with Index Power and Energy (A Beximco company), has already set up a state-of-the-art ISO 9001 certified LPG plant in Mongla with a capacity of 3000 MT. Expansion work is underway for an additional capacity of 3000 MT at Mongla; another LPG terminal of 5000 MT capacity is being set up at Narayanganj. With a robust sales and distribution network, Beximco Petroleum is ready to cater to the rapidly growing LPG demand in the country.
Category: LPG
Summit signs $100m deal with consortium for LNG terminal
November 26, 2017 Sunday 10:59 AM By News Desk, energynewsbd.com
Summit LNG Terminal Ltd, a subsidiary of Summit Power International, signed a $100 million turnkey contract with a marine work contractor consortium recently. Under the contract signed, the consortium comprising of Geocean SAS and MacGregor will undertake a project for laying design, engineering, procurement, fabrication, installation and testing of the Fixed Infrastructure (FI) for its proposed Floating LNG Storage and Regasification Terminal (FSRT) at Moheskhali, Cox`s Bazar, said a press release. The project is to be completed in 16th month from day of signing the contract, according to a statement of the company issued on Tuesday. However, the statement did not say where and when the contract was signed. The FI will consist, among others, of Disconnectable Turret Mooring (DTM) plug for FSRU (floating storage and regasification unit) vessel system with anchors (suction piles), flexible riser with floatation and tether system, control and hydraulic umbilical, PLEM, Stern Mooring System (SMS) of FSRU vessel offshore pipelines and landfall works. In August 2017, Summit had signed Time Charter Party (TCP) agreement with Excelerate Energy for securing FSRU vessel. Summit Power International is a Singapore incorporated leading infrastructure developer and operator in South Asia. It comprises a group of businesses which develop, own and operate power generating assets and FSRU. Geocean, subsidiary of Entrepose Group, performs turnkey offshore projects under EPCI-type contracts in the oil and gas, mining, chemical industries as well as on the public works market. It builds coastal structural works for power stations, desalination plants, water treatment plants and offshore fields. MacGregor shapes the offshore and marine industries by offering world-leading engineering solutions and services with a strong portfolio of MacGregor, Hatlapa, Porsgrunn, Pusnes and Triplex brands.
Category: Power
Higher power tariff from December
November 23, 2017 Thursday 10:51 PM By UNB
The Bangladesh Energy Regulatory Commission (BERC) on an average raised retail power tariff by 5.3 percent or Tk. 0.35 per unit. It, however, decided not to raise bulk tariff. At present, average per unit cost of electricity at the retail level is Tk 6.49. After the increase, it will go up to Tk 6.84 per unit.    BERC Chairman Monwar Islam announced the decision saying that the new tariff will come into effect from December. The regulatory body announced its decision at 3 pm on Thursday on power tariff hike proposals placed by different state-owned companies. BERC chairman also said that the minimum charge of the consumers was withdrawn for which monthly power bill will be reduced of about 3 million “lifeline consumers.” This class of consumers monthly consumes 0-50 units each. Moreover, he said, retail tariff rate of about 6 million consumers under the Rural Electrification Board (REB) will remain unchanged. As a result, in total, there will be no hike in power tariff of about 38 percent consumers, claimed the regulator boss. The BERC had last raised the gas and powers tariff in September 2015 by 2.93 percent and 26.29 percent respectively on average at the consumer level. Under the new tariff structure, the residential consumers of 0-50 units will pay Tk 3.50 per unit while consumers of upto 75 units will pay Tk 4 per unit, consumers of 76-200 units at Tk 5.45 per unit, 201-300 units users will pay Tk 5.70 per unit, 301-400 units users Tk 6.02 per unit, 401-600 unit users Tk 9.30 per unit, and users above 600 units will pay Tk 10.70 per unit from December 2017.   Explaining the reason for not raising the bulk tariff rate, member of the BERC Mizanur Rahman said a number of adjustments were made in the expense of bulk consumers, which are mainly the power distribution companies that cut their increased expense. Secondly, about Tk 3600 crore of the government grant or subsidy was expected in the calculation of the bulk consumers which offset their cost enhancement and it does not need to increase the bulk rate, he said.       The PDB’s per unit revenue requirement was Tk 5.44 against the existing average bulk tariff of Tk 4.84 per unit. Mizan also said the government does not need to increase power tariff even if the costly imported LNG was supplied to the power plants as at that situation some dual fuel plants will run on imported gas, not by liquid fuel. He also admitted that if the government reduces the liquid fuel price, than it will give a scope to reduce the electricity tariff. Earlier, the Commission held a series of public hearings on their proposals from September 25 to October 5. It also held a special public hearing on power tariff reduction proposal placed by the Consumers Association of Bangladesh (CAB) to reduce the bulk power tariff. CAB has proposed reducing the bulk tariff price by Tk 1.32 per unit taking different measures and implementing the previous BERC order to ensure the purchase of lowest-cost electricity by Bangladesh Power Development Board (PDB). Earlier, the PDB proposed raising the power tariff by 15 percent per unit at the bulk level.
Category: Power
Deals signed to import 1600 MW power from Indian Adani Group
November 20, 2017 Monday 12:41 PM By News Desk, energynewsbd.com
The government recently signed two deals -- power purchase agreement (PPA) and Implementing Agreement (IA) -- with Indian giant power conglomerate Adani Power Ltd for importing 1600MW of electricity. Power Division Joint Secretary Faizul Amin, Bangladesh Power Development Board (BPDB) Secretary Mina Masud Uzzaman and Adani’s Business Development President Kandarp Patel signed the agreements at Bidyut Bhaban in Dhaka. The group’s wholly-owned subsidiary company Adani Power (Jharkhand) has signed a long-term power purchase agreement (PPA) for the net capacity of 1496 MW with Bangladesh Power Development board for 25 years, according to a company document submitted to Bombay Stock Exchange. The power supply under the PPA will be made from a new 1600 MW ultra-supercritical coal-based power plant to be set up by Adani Power (Jharkhand) at Godda, Jharkhand. Bangladesh will import the electricity from the Adani Power Limited-sponsored 1600MW plant at Jharkhand paying 8.612 US cents (Tk 6.890) per unit for a 25-year period, officials confirmed. Bangladesh is now importing 640MW of electricity from India at Tk 4.92 per unit on average. The government signed a Memorandum of Understanding (MoU) on August 11, 2015 with the Indian firm to import electricity.  The Indian company said it would invest $2.12 billion to set up the proposed power plant in Jharkhand with a view to exporting 1600MW of electricity to Bangladesh. The company is hopeful of installing the first unit of the plant within 44 months and the second unit within 50 months after signing a contract.
Category: Power
Summit Power International appoints three independent directors
November 20, 2017 Monday 12:18 PM By News Desk, energynewsbd.com
In line with plans to strengthen and expand its Board of Directors, Summit Power International (SPI) is pleased to announce the appointment of three new non-executive independent directors to strengthen the strategic leadership and corporate governance of SPI. The three independent directors joined Summit Power International (SPI) Board, a Singapore incorporated power producer,are Abdullah Tarmugi, Lim Hwee Hua, and Tang Kin Fei. With the addition of these new Directors, the Board of SPI has eight Directors, three of whom are independent, said a press release from Summit Group. Abdullah Tarmugi will chair the Nominating Committee and the Remuneration Committee. Lim Hwee Hua will chair the Audit Committee. Tang Kin Fei will chair the Strategy and Investment Committee. Abdullah Tarmugi is a member of the Presidential Council for Minority Rights, Previously, Abdullah was the Speaker of Parliament from various ministerial positions. Lim Hwee Hua is a Director of Tembusu Partners Pte. Ltd, Lim served as an elected Member of Parliament between 1996 and 2011. Tang Kin Fei is Director and Deputy Chairman of SIA Engineering Company. Previously, he was the Group President and Chief Executive Officer of Sembcorp Industries Ltd. Muhammed Aziz Khan, Founder Chairman of Summit Power International and Summit Group said: “On behalf of my fellow directors and management, I enthusiastically welcome Abdullah Tarmugi, Lim Hwee Hua, and Tang Kin Fei to the Board of Summit Power International. We are committed to maintaining high standards of corporate governance and believe that the appointment of these highly accomplished directors will bring great expertise and experience to the Board and its committees. We look forward to their strategic insights and intellectual guidance as we take Summit Power International to the next level of growth and aim to become the leading provider of energy solutions in emerging Asia.” Summit Power International is a member of the Summit Group, one of the largest infrastructure-focused conglomerates in Bangladesh, employing over 7,000 people across energy, ports, shipping, hospitality, and information technology.
Category: Power
Joint venture to produce 600MW of power in Matarbari
November 12, 2017 Sunday 12:41 PM By News Desk, energynewsbd.com
A joint venture between Japan`s Mitsui and Co and a state-run Bangladeshi company is going to set up a liquefied natural gas-based power plant at Matarbari in Maheshkhali upazila to produce 500-600 megawatt of power. Coal Power Generation Company Bangladesh Ltd signed a memorandum of understating with Mitsui and Co to this effect in Dhaka on November 8, 2017 according to a press release of the power, energy and mineral resources ministry. The companies will have 50-50 ownership in the joint venture that will complete the project by 2021. The government has taken initiatives to import a huge amount of LNG from next year. Both land-based and floating LNG terminals will be set up. The government has approved two floating LNG terminals, each of which will supply 500 million cubic feet of gas per day. In July, state-run Petrobangla and US-based Excelerate Energy signed the final deals to set up Bangladesh`s first LNG terminal in Maheshkhali, which will supply gas to the national grid from early 2018.
Category: Power
LAUGFS Gas won the most promising LPG company in South Asia award
November 12, 2017 Sunday 12:18 PM By News Desk, energynewsbd.com
LAUGFS Gas won the most promising LPG company in South Asia trophy in South Asian Partnership Summit and Business Excellence Awards 2017. The event was concluded recently in a festive mood at Hotel Le Meridien in Dhaka. This prestigious award to LAUGFS Gas Bangladesh was handed over by Dr. Gowher Rizvi, International Affairs Adviser to the Prime Minister of Government of Bangladesh. Ranjith Jayawardena, COO of LAUGFS Gas Bangladesh, represented the company to receive the award from the stage.
Category: LPG
MoU inked for 3600 MW Payra power plant by 2021
November 5, 2017 Sunday 10:09 PM By Staff Correspondent, energynewsbd.com
Germany based Siemens AG on Sunday signed a Memorandum of Understanding (MoU) for setting up a 3600 megawatt (MW) combined cycle power plant based on Liquefied Natural Gas (LNG) by 2021 at Payra in Patuakhali district. The state-run North-West Power Generation Company Limited (NWPGCL) and Germany based Siemens AG signed the MoU to build the 3600-MW power plant having three units, each having electricity generation capacity of 1,200 MW, by December 2021. Managing Director of NWPGCL Engineer AM Khurshedul Alam and Chief Executive Officer of Siemens South Asia Sunil Mathur signed the MoU on behalf of their respective sides at Bidyut Bhaban in Dhaka. Prime Minister`s Energy Advisor Dr Towfiq-E-Elahi Chowdhury witnessed the signing ceremony as the chief guest, while State Minister for Power, Energy and Mineral Resources Nasrul Hamid and Ambassador of the Federal Republic of Germany Dr Thomas Prinz were present as the special guests. Dr Towfiq-E-Elahi Chowdhury said workshops and training programmes would help engineers to make them skilled for operating modern equipment in the power sector. He urged authorities concerned for arranging workshops and training programmes in future. Nasrul Hamid said this is the single largest investment from Germany, adding, "The estimated cost is $ 2.8 billion including debt of $ 2.4 billion and equity $ 400 million." He said the German government came forward with the largest investment showing their trust in Prime Minister Sheikh Hasina`s government. Ambassador of the Federal Republic of Germany to Bangladesh Dr Thomas Prinz said the German government stood beside Bangladesh on the Rohingya crisis, adding, "We are keen to be a reliable development partner of Bangladesh and Germany is the single largest buyer of RMG (readymade garment)." According to the project details, it will be implemented in three phases on 100 acres of land adjacent to Payra 1320-MW Thermal Power Plant site by establishing a joint venture company (JVC) as a project company. It is expected that the first unit of the plant with 1200-MW generation capacity will go into operation in June 2020, while the second with the same generation capacity in December 2020 and the third in December 2021. The project also stipulates that the efficiency of the machine will be more than 60 percent and the plant will be operated by imported LNG, while the power will be transmitted through 400 kV transmission line (Under Construction) from Payra Power Plant to Dhaka via Gopalganj. The companies will also construct the LNG terminal there for ensuring availability of necessary natural gas to generate electricity.
Category: Power
Rooppur Power Plant gets design and construction license
November 4, 2017 Saturday 10:41 PM By News Desk, energynewsbd.com
Bangladesh Atomic Energy Commission (BAEC) on Saturday formally received the design and construction license for its 2,400 MW Rooppur nuclear power plant unit 1 from Bangladesh Atomic Energy Regulatory Authority (BAERA). BAERA Chairman Dr Naiyyum Chowdhury formally handed over the license to the chairman of Bangladesh Atomic Energy Commission (BAEC) Dr Dilip Kumar Saha for RNPP project at a function at Sonargaon Hotel in Dhaka. Addressing the function as chief guest, Science and Technology Minister Architect Yeafesh Osman said through this license, Bangladesh has entered the global nuclear club. He said through receiving the license Bangladesh has become a nuclear nation. In the function, Science and Technology Secretary Md Anwar Hossain informed that Prime Minister Sheikh Hasina is set to inaugurate the construction work of the final phase of the RNPP project on November 30, this year. The final phase work includes the civil construction for setting up the nuclear reactor. He said that this has been a confidence building project of the nation. "From tomorrow (Sunday), we will start the final phase of the project. We are pursuing the best process of safety," he said. He seeks blessing and cooperation of the people for its smooth implementation. "After liberation, it has been the biggest task for the nation", he added. He said the government has successfully reached a certain point in way to the construction of RNPP project. "We are going through a transparent process and this is our main strength," he said. He said it is not nearly a power generation project; rather it is a symbol of an inner power of a nation. BEARA Chairman Dr Naiyyum Chowdhury said whenever the regulatory commission finds any shortcomings in the construction work, we will ask for correction. He said nuclear regulation is must for success of a nuclear power project. In this case, the BEARA will never compromise with safety issues in the RNPP. Project Director of the RNPP Dr Md Shawkat Akbar said this is the great opportunity for Bangladesh to become a nuclear member. The dream project is on the way and Bangladesh will reach new height after implementing the project." The function, with BAERA Chairman Dr Naiyyum Chowdhury in the chair, was also addressed by Prime Minister`s Economic Affairs Advisor Dr Mashiur Rahman, Parliamentary Standing Committee Chairman of Science and Technology Ministry Dr AFM Ruhul Haque, PM`s SDG chief coordinator Abul Kalam Azad Science and Technology Secretary Md Anwar Hossain, Deputy Chairman of ROSTECHNAZOR Alexey Ferapontov and BAERA Director Satyajit Ghose.
Category: Nuclear
China to give $554m for Single Point Mooring project
October 30, 2017 Monday 1:30 PM By News Desk, energynewsbd.com
State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Sunday said coordinated initiatives would ensure energy security in the country. "We have given emphasis on easy availability of crude oil by using multi- lingual LNG, LPG or coal," he said while speaking as the chief guest at the Framework Agreement ceremony at NEC-2 conference room at Sher-E-Banglanagar in Dhaka. Economic Relations Division (ERD) Secretary Kazi Shofiqul Azam and Chinese Ambassador to Bangladesh Ma Mingqiang signed the deal for financing the "Installation of Single Point Mooring (SPM) with Double Pipeline." The state minister said it is necessary to adopt infrastructural master plan or economic development master plan for the country. Seeking more Chinese assistance for implementation of various projects undertaken by the DPDC or PGCB, Nasrul said the Dhaka city would be brought under uninterrupted power supply by implementing the DPDC`s projects. He said the opportunity has been created for investment of $ 25 billion in electricity and energy sector in Bangladesh. The state minister also sought Chinese support for developing a disaster infrastructure rescue team, adding, "The amount of foreign aid in the SPM project is $ 554.40 million, out of which the flexible loan amount is US $ 82.56 million and the amount of Preferential Buyer`s Credit (PBC) is $ 467.84 million." Among others, BPC chairman Abu Hena Mohammad Rahmatul Munim was also present.
Category: Petroleum
LAUGFS Gas celebrates two years in Bangladesh
October 30, 2017 Monday 12:51 PM By News Desk, energynewsbd.com
LAUGFS Gas Bangladesh Limited, one of the largest LPG distributors in the country, has celebrated its 2nd anniversary with a pledge of making significant investment in Bangladesh in next three years. To mark its step into the third year operation in Bangladesh, the Sri Lankan company organised a celebration programme with its key stakeholders at a city hotel in Dhaka recently, said a press release. Kazi M Aminul Islam, Executive Chairman of Bangladesh Investment Development Authority (BIDA), attended the programme as the chief guest. LAUGFS Holdings Chairman WKH Wegapitiya,  Director and Chief Executive Officer Mohammed Saidul Islam, Chief Operating Officer Ranjith Jayawardena, General Manager (Finance) Sujeewa Vidanapathirana, General Manager (Sales and Marketing) Nazeer Latiff, General Manager (Operations) Dr. Mayura Neththikumarage was also present at the event. The LNG distributor company is planning capacity enhancement, increasing of storage volume, establishment of a cylinder manufacturing plant along with expansion of the distribution system, they said. Currently, the company operates LPG import, bottling and distribution facility in Mongla Port, according to a media statement. The company imports and distributes over 50,000 MT of LPG every year and operates an expansive and fast growing distribution network across the country. LAUGFS entered Bangladesh in 2015 with the acquisition of PetredecElpiji Limited, and is one of the largest LPG downstream players in the country. 
Category: LPG
‘Nasrul visits Dighipara coal mine site to observe feasibility study program’
October 27, 2017 Friday 8:12 PM By News Desk, energynewsbd.com
State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Friday visited Dighipara Coal Mine site in Dinajpur to observe the feasibility study program going on there. Engr. Habib Uddin Ahmed, Managing Director of the Barapukria Coal Mining Company Ltd informed energynewsbd.com about the visit of the State Minister in Dighipara. Habib Uddin said Barapukria Coal Mining Company has been implementing the project ‘Feasibility Study for Development of Dighipara Coal Field’ with its own funding. Upon the implementation of the project, a total of three million ton coal will be extracted annually from there. The Managing Director said that Nasrul was informed about the ongoing activities under the project during his visit. He expressed satisfaction about the progress made there. The survey for the feasibility study of a potential mine in six square kilometer area of Dighipara is going on. If this mine is established here, it will be possible to extract about three million ton of coal annually from there which will account for producing 1250 MW of electricity. The State Minister was also informed about the condition of rail transport from Dighipara coal mine upto Jamuna River. Expressing satisfaction about the overall works going on there, Nasrul said, only survey is going on in the project site. Basing on the survey result, the direction of the Prime Minister Sheikh Hasina who is also in charge of energy ministry and the opinion and demand of the local people, decision for developing a mine here will be taken. During Nasrul’s visit, local lawmaker Md Shibli Sadique, Power Development Board Chairman Khaled Mahmud, Barapukria Coal Mining Company Managing Director Habib Uddin Ahmed, Company Secretary Md Abul Kasem Pradhania and Project Director Khan Md Zafor Sadiq were present. In May 30 this year, Barapurkria Coal Mining Company signed a contract with a joint consortium of German based MIBRAG Consulting International GmbH, FUGRO Consult GmbH and Australia based Runge Pincook Minaroo Limited for conducting a feasibility study there. As per the contract, survey for the feasibility study will be conducted there for a period of 27 month.   
Category: Coal
Chevron not winding up business in Bangladesh
October 26, 2017 Thursday 9:54 PM By News Desk, energynewsbd.com
State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Thursday said US oil major Chevron is not leaving Bangladesh; rather, it will invest $400 million in the country’s gas sector. While addressing a contract signing ceremony for procuring 200 megawatt (MW) solar electricity at the Bidyut Bhaban in Dhaka, he said Chevron has officially communicated its decision to the government to this end, according to a report of UNB. He said the Chevron`s planned $400 million will be invested in setting up a wellhead gas compressor at Bibiyana gas field to increase the gas pressure to the supply line. Chevron`s three gas fields -- Bibiyana, Jalabad and Moulvibazar -- share 52 percent of the total 2700 mmcf gas now being produced by the country`s 22 gas fields. In September last year, the Chevron Corporation announced its plan to sell out its assets of the three gas fields in Bangladesh. Following the announcement, Bangladesh expressed its desire to buy the assets. But on April 24, 2017, Chevron further announced that it entered into an agreement to sell the shares of its wholly-owned indirect subsidiaries operating in Bangladesh to a Chinese consortium named Himalaya Energy Co Ltd. Following the announcement, Bangladesh got very frustrated and continued its efforts to block the Chevron-Himalayan deal. The state minister said the new decision of Chevron for investing money in the gas field will boost the confidence of other foreign companies to continue their businesses in Bangladesh. He said many foreign companies are now showing their immense interest to invest in Bangladesh as its demand for energy is growing fast for the growing economy.
Category: Gas
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